ZK
Answered
HI Corporation is considering the purchase of a machine that promises to reduce operating costs by the same amount for every year of its 7-year useful life. The machine will cost $211,580 and has no salvage value. The machine has a 14% internal rate of return. (Ignore income taxes.)Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided.Required:What are the annual cost savings promised by the machine? (Round your intermediate calculations and final answer to the nearest whole dollar amount.)
On Jun 05, 2024
Factor of the internal rate of return = Investment required ÷ Annual net cash inflow
{{[a(5)]:#,###.000}} = ${{[a(3)]:#,###}} ÷ Annual net cash inflow
Annual net cash inflow = ${{[a(3)]:#,###}} ÷ {{[a(5)]:#,###.000}} = ${{[a(7)]:#,###}}
ZK
Answered
Describe the purpose and form of memorandums or memos.
On May 06, 2024
Memorandums, or memos, are a form of letter written inside the business. Though in rare cases they may be used to communicate with those outside the business, they are usually exchanged internally by employees as they conduct their work. Despite the wide use of emails, they are still being used and are especially useful for communicating with employees who do not use computers in their work.
Memorandums can be distinguished from other messages primarily by their form. The word memorandum appears at the top in most cases, but some companies prefer other titles. Below this main heading come the specific headings common to all memos: Date, To, From, Subject etc. Since in some companies memos are often addressed to more than one reader, the heading To may be followed by enough space to list a number of names.